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Porting my Nationwide Mortgage/ need 90% LTV

rob_mclellan
Posts: 21 Forumite
Hi,
I am currently trying to sell my house for something bigger and more expectedly more expensive.
I am 2 years through a 5 year fixed deal with Nationwide, and would like to port the mortgage, and top up the loan amount with the standard variable rate until the deal runs out.
The problem is the house I like would mean that I would only have 10-12% LTV rather than the 15% LTV orginally required on the deal.
My question is, are Nationwide at all flexible with existing customers such as myself in regards to the minimum LTV?
Cheers
I am currently trying to sell my house for something bigger and more expectedly more expensive.
I am 2 years through a 5 year fixed deal with Nationwide, and would like to port the mortgage, and top up the loan amount with the standard variable rate until the deal runs out.
The problem is the house I like would mean that I would only have 10-12% LTV rather than the 15% LTV orginally required on the deal.
My question is, are Nationwide at all flexible with existing customers such as myself in regards to the minimum LTV?
Cheers
0
Comments
-
We recently ported our Abbey mortgage (90%) and then borrowed a very small amount on top. Even though we have been customers with them for over 5 years they insisted on a deposit of 15%.
Hopefull you will find Nationwide much more flexible
Liz0 -
I know that Nationwide will allow a 95% LTV for some exisiting customers, however their rates are higher at this LTV rate.
Look at their website for more information.0
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